Giga Metals Corporation · TSXV:GIGA
Giga Metals — Investor Presentation (December 2021)
25 slides from Giga Metals's investor presentation, Dec 10, 2021
Slide 1: Battery Metals for a Clean Energy Future
TSX.V: GIGA | OTCQX: HNCKF | FSE: BRR2 @ GIGAMETALS Battery Metals for a Clean Energy Future DECEMBER 8, 2021
Slide 2: Disclaimer
Disclaimer ‘The prcentaton(Prcentation’ is being nue by Giga Metals Corporation [the “Company” ar “Sige tale for information purses ony Ralnce on this Presatatin for he surge of engesng in any invectmant estty may expats an intial oa ignifcae rik af lasing all ofthe prope or eter azz inverted Techni
Slide 3: About Giga Metals
About Giga Metals wa Giga Metals is a TSX.V & OTCQX listed junior mining company World is in critical need of nickel to meet global battery demand Objective: build a 37,000 t/y year nickel operation Owns 100% of the Turnagain nickel and cobalt deposit Seeking strategic partners to advance the projec
Slide 4: Located in an Attractive Mining Jurisdiction
Located in an Attractive Mining Jurisdiction LOCATION ADVANTAGES * Strong ESG practices * Access to a deep-water Pacific port and North American rail G GIGAMETALS CORPORATION Endako | j BR Huckleberry eee ‘J ‘Base map from BC Ministry of Tronsport and Infrastructure
Slide 5: Project Highlights
Project Highlights HIGH-GRADE CONCENTRATE Traditional processing or direct leaching SIMPLE FLOWSHEET Crush — grind — froth flotation LOW CARBON Carbon sequestration research shows pathway to carbon-neutrality f> GIGAMETALS 4 VERY LARGE RESOURCE MEASURED & INDICATED 2.36 Mt Ni (5B Ib), 141 kt Co GRAD
Slide 6: PEA Summary
PEA Summary PRODUCTION HIGHLIGHTS. 37,000 t/y Ni 18% Ni, 1% Co <2.5t CO,e/t Ni Full-rate operation ECONOMIC HIGHLIGHTS US $1.4B High-grade nickel sulphide concentrate US $0.5B in concentrate, low carbon footprint US$2.81/Ib. Ni Phase 1 Capital Cost @ GIGAMETALS CORPORATION Phase 2 Capital Cost Net o
Slide 7: Project Timeline
Project Timeline Drill Program Metallurgy, Engineering FS, EA Production June-October 2021-2022 2024 37 years Analyze Data PFS Release November-December 2022 GIGAMETALS CORPORATION
Slide 8: 18% Ni Concentrate Product
18% Ni Concentrate Product P 5 Average of 5 Locked- . : % Ni2 Multiple testwork campaigns: 15 to 21% Ni. Cycle Tests? * Low impurities such as arsenic, mercury, cadmium * Suitable for PEA Base Case — smelting * Suitable for direct pressure oxidation to produce refined nickel end products such as bat
Slide 9: Mixed Hydroxide Precipitate (MHP)
Mixed Hydroxide Precipitate (MHP) Testwork on concentrates from 4 to 10% Ni, inferior to current concentrate Testwork proved amenability from oxidation to MHP recovery MHP quality produced in laboratory is superior to typical materials Component Unit Value Nickel wt% (dry) 30-39 Cobalt wt% (dry) 2-5
Slide 10: Efficient valley location minimizes dam construction
@& Efficient valley location minimizes dam construction Ba, Dam construction by centerline method, constructed from inert @@BA quarried rock or mined waste hard rock = Tailings to be sub-aerial (dry beach), allowing mineral carbonation AW Low seismic risk é Relatively low precipitation (~0.6 m/y), e
Slide 11: Nickel Prices are Historically Volatile
Nickel Prices are Historically Volatile ‘Nickel Price (USS/Ib) 1981 - 2020 Nickel Price History $40.00 $35.00 $30.00 $25.00 $20.00 $15.00 Current § 20 (Ifaton-Adjusted) $ erage 20208) = Median 20208 $10.00 $5.00 so. oF GIGAMETALS CORPORATION Price history is not an indicator of future prices. Inflat
Slide 12: Li-ion Batteries - the Fastest Growing Source of Demand for Nickel
Li-ion Batteries - the Fastest Growing Source of Demand for Nickel Lithium-ion batteries alone could require 1.5 to 2.5 Mt/y! of new battery-grade nickel by 2040. That’s equivalent to 40-70 new large mines by 2040. @ GIGAMETALS 1 Tumagen 2A loci te 28,2020) Rosi Staton ture deren ond supp secu of ef
Slide 13: Battery Projects in North America
Battery Projects in North America The supply chain for the new giga factories is not yet resolved 150,000 to 250,000 t/y incremental nickel is needed to supply the new projects Actual demand depends on chemistry evolution and further project announcements G GIGAMETALS CORPORATION @RITISHVOLT cuevec
Slide 14: Nickel Operations in North America
Nickel Operations in North America Canada has nickel mines, smelters, and refineries. Most current global production is unsuitable for batteries. New mines and processing are needed to make the right materials for batteries. G GIGAMETALS CORPORATION THOMPSON RAGLAN, NUNAVIK (Mine) (Mines) VOISEY’S B
Slide 15: Nickel Projects in North America
Nickel Projects in North America = Turnagain is the largest 33 are potential project in Class 1, Battery-Grade North America _—~ targeting battery-grade FPX ee ; 44 kt/year nickel supply. Class 2, Stainless Steel = Other large projects are —=— ———* @———NION (DuMont) based on supply to the 4 kt/year
Slide 16: Nickel Price Sensitivity Analysis
Nickel Price Sensitivity Analysis PEA Base Case nickel price of $7.50/pound Post-tax NPV of -S443M Skewed nickel price distributions result in larger upside benefit than downside risk 10th, 25th, 50th, 75th, 90th percentile pricing reflected After-tax NPV Sensitivity $4000 = = E s2000 g —— 51,000 %
Slide 17: Cumulative Cash Flow Comparison with HPAL
Cumulative Cash Flow Comparison with HPAL ‘Turnagain vs "Average HPAL", PEA Base Case: $7.50 Ni —turnagain PEA Base Case nickel price of - = —HPAL- Weighted Average Costs- Optimist Startup $7.50/pound: Turnagain project has a pre-tax IRR of 6.3% and an after-tax IRR of 4.9%. 324123 6567 819 1012 1 1
Slide 18: Comparison with Laterite Projects
Comparison with Laterite Projects TURNAGAIN PROSPECTIVE LATERITE + Open pit mine in hard rock + Strip mining soft deposits + Deep deposit minimizes mine deforestation + Thin deposits increase mine deforestation + Low erosion potential, pit water used/treated * High erosion potential, river/ocean con
Slide 19: Carbon Intensity of Nickel Processing
Carbon Intensity of Nickel Processing * Sulphide projects have lower carbon intensities * Upgrading of ores to concentrates * Sulphur is a fuel for smelting * Laterite processes treat entire orebody with chemical leaching or smelting > higher carbon intensity 1CO,-eq per tonne of nickel Nickel (Clas
Slide 20: Emission Intensity of Probable Nickel Projects
Emission Intensity of Probable Nickel Projects 2030 carbon emissions intensities (Scope 1+2 only) highlightingbase case and probable projects, Expected CO, Intensity of Turnagain before sequestration? ° » ry ry GF GIGAMETALS , resin cos renner oaetn crema drt rere: oxi seetaon CORPORATION
Slide 21: Carbon Neutrality at Turnagain
Carbon Neutrality at Turnagain * Turnagain tailings will sequester CO, * Reaction with silicates creates carbonates, locking away CO, for millennia * Testing by Dr. Greg Dipple (University of British Columbia) demonstrated stable reaction rates of 27 to 34 t/ha/y * 900 kt of CO, could be sequestered
Slide 22: Board of Directors
Board of Directors Mark Jarvis, CEO, Chairman of the Board Mr. Jarvis has more than 30 years of experience in exploration and {development of mineral rerources, both in il & gas and metal. After 9 career financing exploration projate ae 2 stockbroker, he moves tothe corgorate sige ‘of the business i
Slide 23: Share Structure
Share Structure Stock Exchanges TSX Venture Frankfurt Share Capital (November 2021) Shares Outstanding 85,528,428 15,571,982 7,890,000 Warrants Options Fully-diluted Market Capitali: ‘ion (December 6, 2021) Market Capital: Stee vg ZO Qa Photo: Engineer examining core samples at Turnagain Camp, 23
Slide 24: Why Invest in Giga Metals?
Why Invest in Giga Metals? Large deposit: average of AS High-grade concentrate VS 40-70 new Turnagain- 33,000 t/y Ni for 37 years for standard processing scale projects needed or pressure oxidation in next 20 years Ethical nickel for batteries will be in short supply. Where will nickel supply for No
Slide 25: Let's Talk.
Let’s Talk. To book a meeting: click here Email: hiv Call: +1 (604) 681-2300